Top Derivative Exchanges Ranked by Open Interest & Trade Volume

#	Exchange	Settlement	24h Open Interest	24h Volume	Perpetuals	Futures
1	Binance (Futures) Est. 2019	Cash	$26,070,684,900 306,714 BTC	$66,795,444,600 785,829 BTC	614	30	Visit ↗
2	Bybit (Futures) Est. 2018	Cash	$12,661,507,350 148,959 BTC	$20,357,539,950 239,500 BTC	652	62	Visit ↗
3	CoinW (Futures) Est. 2017	Cash	$10,980,232,850 129,179 BTC	$29,339,459,350 345,170 BTC	161	—	Visit ↗
4	Gate (Futures) Est. 2013	Cash	$10,765,332,450 126,651 BTC	$16,303,420,750 191,805 BTC	666	—	Visit ↗
5	BYDFi (Futures) Est. 2020	Cash	$9,022,432,950 106,146 BTC	$862,747,450 10,150 BTC	507	—	Visit ↗
6	MEXC (Futures) Est. 2020	Cash	$8,936,060,200 105,130 BTC	$16,481,453,250 193,899 BTC	882	—	Visit ↗
7	LBank (Futures) Est. 2015	Cash	$8,877,469,700 104,441 BTC	$8,046,487,600 94,665 BTC	852	—	Visit ↗
8	Hyperliquid (Futures) Est. 2023	Cash	$8,439,327,000 99,286 BTC	$10,968,762,100 129,044 BTC	313	—	Visit ↗
9	WEEX (Futures) Est. 2018	Cash	$8,351,756,600 98,256 BTC	$20,077,197,200 236,202 BTC	733	—	Visit ↗
10	OKX (Futures) Est. 2021	Cash	$7,948,701,050 93,514 BTC	$29,539,534,900 347,524 BTC	304	25	Visit ↗
11	Bitget Futures Est. 2019	Cash	$7,483,814,800 88,045 BTC	$12,274,322,150 144,404 BTC	646	—	Visit ↗
12	Bitmart Futures Est. 1996	Cash	$7,099,687,050 83,526 BTC	$22,284,920,900 262,176 BTC	675	—	Visit ↗
13	XT.COM (Derivatives) Est. 2018	Cash	$7,001,831,650 82,374 BTC	$8,778,428,550 103,276 BTC	624	13	Visit ↗
14	KuCoin Futures Est. 2019	Cash	$6,829,109,950 80,342 BTC	$2,743,563,700 32,277 BTC	575	1	Visit ↗
15	Bitunix Futures Est. 2021	Cash	$5,800,688,150 68,243 BTC	$17,047,230,250 200,556 BTC	578	—	Visit ↗
16	Toobit Futures Est. 2023	Cash	$5,339,272,450 62,815 BTC	$17,156,835,200 201,845 BTC	607	—	Visit ↗
17	BingX (Futures) Est. 2020	Cash	$5,024,986,650 59,117 BTC	$7,292,870,800 85,798 BTC	659	—	Visit ↗
18	CoinUp.io (Futures) Est. 2021	Cash	$4,997,080,300 58,789 BTC	$18,140,716,150 213,420 BTC	111	—	Visit ↗
19	HTX Futures Est. 2018	Coin	$4,980,425,400 58,593 BTC	$3,490,190,100 41,061 BTC	233	8	Visit ↗
20	OrangeX Futures Est. 2021	Cash	$4,801,119,600 56,484 BTC	$24,947,903,750 293,505 BTC	515	—	Visit ↗
21	WhiteBIT Futures Est. 2022	Cash	$4,705,498,000 55,359 BTC	$7,590,716,750 89,303 BTC	297	—	Visit ↗
22	Phemex (Futures) Est. 2019	Cash	$3,672,804,100 43,209 BTC	$2,370,203,750 27,885 BTC	550	—	Visit ↗
23	Deribit Est. 2014	Coin	$3,585,725,000 42,185 BTC	$1,024,203,250 12,049 BTC	20	20	Visit ↗
24	Aster (Futures) Est. 2025	Cash	$2,268,129,800 26,684 BTC	$3,119,347,000 36,698 BTC	340	—	Visit ↗
25	Crypto.com Exchange (Futures) Est. 2021	Cash	$1,853,608,600 21,807 BTC	$2,907,668,950 34,208 BTC	237	14	Visit ↗
26	PrimeXBT Est. 2018	Cash	$1,464,857,700 17,234 BTC	$2,773,182,800 32,626 BTC	173	—	Visit ↗
27	edgeX Est. 2023	Cash	$1,377,666,400 16,208 BTC	$3,784,861,300 44,528 BTC	176	—	Visit ↗
28	Bitfinex (Futures) Est. 2019	Cash	$1,352,913,550 15,917 BTC	$166,571,100 1,960 BTC	83	—	Visit ↗
29	BVOX (Futures) Est. 2018	Cash	$1,282,265,800 15,085 BTC	$22,299,304,600 262,345 BTC	97	—	Visit ↗
30	Zoomex (Futures) Est. 2021	Cash	$1,201,064,450 14,130 BTC	$8,519,901,050 100,234 BTC	512	—	Visit ↗
31	Deepcoin (Derivatives) Est. 2018	Cash	$1,094,091,950 12,872 BTC	$5,548,763,450 65,280 BTC	254	—	Visit ↗
32	BloFin (Futures) Est. 2021	Cash	$1,039,410,600 12,228 BTC	$1,105,603,500 13,007 BTC	486	—	Visit ↗
33	BitMEX (Derivative) Est. 2014	Coin	$932,255,350 10,968 BTC	$313,857,400 3,692 BTC	88	16	Visit ↗
34	Variational Omni Est. 2025	Cash	$889,721,350 10,467 BTC	$922,102,100 10,848 BTC	468	—	Visit ↗
35	Lighter	Cash	$843,347,900 9,922 BTC	$2,600,091,350 30,589 BTC	159	—	Visit ↗
36	Aivora Exchange (Futures) Est. 2023	Cash	$828,585,100 9,748 BTC	$2,587,963,550 30,447 BTC	157	—	Visit ↗
37	BTSE (Futures) Est. 2018	Cash	$807,795,800 9,503 BTC	$3,531,816,300 41,551 BTC	150	4	Visit ↗
38	KCEX (Futures) Est. 2021	Cash	$719,039,650 8,459 BTC	$12,260,816,500 144,245 BTC	670	—	Visit ↗
39	Hotcoin (Futures) Est. 2017	Cash	$667,583,200 7,854 BTC	$10,997,229,450 129,379 BTC	451	—	Visit ↗
40	GRVT Est. 2022	Cash	$568,854,850 6,692 BTC	$2,075,170,450 24,414 BTC	99	—	Visit ↗
41	Ourbit (Futures) Est. 2020	Cash	$554,608,000 6,525 BTC	$8,062,013,700 94,847 BTC	619	—	Visit ↗
42	Extended	Cash	$402,911,900 4,740 BTC	$1,261,380,450 14,840 BTC	107	—	Visit ↗
43	Bitrue (Futures) Est. 2018	Cash	$357,010,200 4,200 BTC	$11,476,508,750 135,018 BTC	557	—	Visit ↗
44	Coinbase International Exchange (Derivatives) Est. 2023	Cash	$350,203,400 4,120 BTC	$8,333,171,350 98,037 BTC	226	—	Visit ↗
45	Kraken (Futures) Est. 2019	Cash	$329,872,250 3,881 BTC	$860,790,750 10,127 BTC	317	18	Visit ↗
46	Biconomy (Futures) Est. 2019	Cash	$323,960,500 3,811 BTC	$11,203,739,500 131,809 BTC	100	—	Visit ↗
47	Antarctic Est. 2024	Cash	$306,015,300 3,600 BTC	$266,751,250 3,138 BTC	31	—	Visit ↗
48	CoinEx (Futures) Est. 2019	Cash	$230,654,300 2,714 BTC	$545,535,950 6,418 BTC	256	—	Visit ↗
49	BitKan (Futures) Est. 2012	Cash	$167,049,650 1,965 BTC	$905,547,500 10,654 BTC	562	—	Visit ↗
50	Ostium	Cash	$161,523,800 1,900 BTC	$337,675,250 3,973 BTC	44	—	Visit ↗
51	ApeX Omni Est. 2024	Cash	$141,612,550 1,666 BTC	$1,394,407,150 16,405 BTC	324	—	Visit ↗
52	Backpack (Futures) Est. 2023	Cash	$125,617,250 1,478 BTC	$374,096,900 4,401 BTC	73	—	Visit ↗
53	Paradex Est. 2023	Cash	$125,264,500 1,474 BTC	$91,613,850 1,078 BTC	454	—	Visit ↗
54	LeveX (Futures) Est. 2023	Cash	$105,511,350 1,241 BTC	$253,118,950 2,978 BTC	255	—	Visit ↗
55	Pacifica Est. 2024	Cash	$90,954,250 1,070 BTC	$902,409,300 10,617 BTC	63	—	Visit ↗
56	AscendEX (BitMax) (Futures) Est. 2020	Cash	$79,151,150 931 BTC	$58,616,130,900 689,602 BTC	148	—	Visit ↗
57	GMX Perpetuals V2 (Arbitrum)	Cash	$72,496,500 853 BTC	$299,262,900 3,521 BTC	195	—	Visit ↗
58	Bullish (Futures) Est. 2021	Cash	$71,787,600 845 BTC	$150,324,200 1,769 BTC	33	—	Visit ↗
59	Globe (Derivatives) Est. 2021	Cash	$63,176,250 743 BTC	$11,582,100 136 BTC	61	—	Visit ↗
60	dYdX Chain Est. 2023	Cash	$61,853,650 728 BTC	$233,948,900 2,752 BTC	243	—	Visit ↗
61	Vest Exchange Est. 2022	Cash	$45,401,900 534 BTC	$44,528,100 524 BTC	547	—	Visit ↗
62	GMTrade (formerly GMX-Solana)	Cash	$43,088,200 507 BTC	$146,068,250 1,718 BTC	86	—	Visit ↗
63	WOO X (Futures) Est. 2019	Cash	$42,422,650 499 BTC	$71,143,300 837 BTC	317	—	Visit ↗
64	Gate DEX Est. 2025	Cash	$31,599,600 372 BTC	$398,865,900 4,693 BTC	450	—	Visit ↗
65	IO Trader Est. 2025	Cash	$30,932,350 364 BTC	$34,456,450 405 BTC	188	—	Visit ↗
66	LN Exchange (Futures)	Cash	$22,039,650 259 BTC	$42,127,700 496 BTC	4	—	Visit ↗
67	Flipster Est. 2021	Cash	$19,673,250 231 BTC	$135,328,500 1,592 BTC	491	—	Visit ↗
68	Orderly (Derivatives) Est. 2022	Cash	$14,318,250 168 BTC	$36,917,200 434 BTC	169	—	Visit ↗
69	HashKey Global (Futures) Est. 2018	Cash	$13,647,600 161 BTC	$370,600 4 BTC	12	—	Visit ↗
70	Poloniex Futures Est. 2020	Cash	$12,206,000 144 BTC	$17,235,450 203 BTC	13	—	Visit ↗
71	Delta Exchange (Futures) Est. 2018	Cash	$9,667,900 114 BTC	$23,737,950 279 BTC	67	—	Visit ↗
72	Aevo Est. 2022	Cash	$9,167,250 108 BTC	$3,377,900 40 BTC	147	—	Visit ↗
73	EVEDEX Est. 2024	Cash	$7,317,650 86 BTC	$323,564,400 3,807 BTC	15	—	Visit ↗
74	SoDEX (Futures) Est. 2025	Cash	$6,805,100 80 BTC	$36,805,000 433 BTC	74	—	Visit ↗
75	gTrade (Arbitrum)	Cash	$6,667,400 78 BTC	$24,170,600 284 BTC	643	—	Visit ↗
76	Gemini Derivatives Est. 2023	Cash	$5,202,000 61 BTC	$2,182,800 26 BTC	49	—	Visit ↗
77	Sunperp Est. 2025	Cash	$5,078,750 60 BTC	$86,793,500 1,021 BTC	118	—	Visit ↗
78	Helix (Futures) Est. 2020	Cash	$4,579,800 54 BTC	$13,821,000 163 BTC	83	—	Visit ↗
79	HitBTC (Derivatives) Est. 2013	Cash	$3,799,500 45 BTC	$16,866,550 198 BTC	49	—	Visit ↗
80	BigONE Futures Est. 2020	Cash	$2,989,450 35 BTC	$1,058,499,050 12,453 BTC	43	—	Visit ↗
81	GMX Perpetuals V2 (Avalanche)	Cash	$2,635,850 31 BTC	$1,233,350 15 BTC	25	—	Visit ↗
82	Flash Trade Est. 2023	Cash	$1,916,750 23 BTC	$4,185,400 49 BTC	30	—	Visit ↗
83	MYX (Linea) Est. 2023	Cash	$1,854,700 22 BTC	$16,491,700 194 BTC	3	—	Visit ↗
84	VALR Futures Est. 2018	Cash	$1,027,650 12 BTC	$1,257,150 15 BTC	9	—	Visit ↗
85	MYX (BSC) Est. 2023	Cash	$991,950 12 BTC	$308,832,200 3,633 BTC	9	—	Visit ↗
86	gTrade (Base)	Cash	$979,200 12 BTC	$2,085,050 25 BTC	414	—	Visit ↗
87	KiloEx (Base) Est. 2022	Cash	$896,750 11 BTC	$18,797,750 221 BTC	99	—	Visit ↗
88	DeriW Est. 2025	Cash	$775,200 9 BTC	$373,084,550 4,389 BTC	38	—	Visit ↗
89	KiloEx (BSC) Est. 2023	Cash	$651,100 8 BTC	$11,567,650 136 BTC	89	—	Visit ↗
90	KiloEx (opBnb) Est. 2023	Cash	$395,250 5 BTC	$8,979,400 106 BTC	98	—	Visit ↗
91	gTrade (Polygon)	Cash	$379,100 4 BTC	$553,350 7 BTC	314	—	Visit ↗
92	KiloEx (Manta Pacific) Est. 2023	Cash	$89,250 1 BTC	$1,883,600 22 BTC	8	—	Visit ↗
93	Navigator	Cash	$71,400 1 BTC	$79,050 1 BTC	55	—	Visit ↗
94	SpaceWhale Est. 2024	Cash	—	—	80	—	Visit ↗
95	Coincall Est. 2022	Cash	—	$288,209,500 3,391 BTC	157	14	Visit ↗
96	Bitflyer (Futures) Est. 2014	Cash	—	$139,973,750 1,647 BTC	1	—	Visit ↗
97	GMO Coin Japan (Futures) Est. 2016	Cash	—	$127,772,850 1,503 BTC	12	—	Visit ↗
98	zkEra Finance (Telos) Est. 2023	Cash	—	—	3	—	Visit ↗
99	JOJO Exchange Est. 2023	Cash	—	—	—	—	Visit ↗
100	GMX Perpetuals V2 (Botanix)	Cash	—	—	3	—	Visit ↗